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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.90-1.3%Nov 7 9:30 AM EST

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To: ZChazz who wrote (22309)2/2/1999 1:44:00 PM
From: Spaw  Read Replies (3) of 152472
 
Z:
I haven't had my ear to the tracks for a couple of weeks as I'm just back from a trip to France. Part of my opinion on Q comes from watching intraday action...
At any rate, if the market really comes in near term, I'd look for support at 54-56. If the market stays fairly solid, I'm looking for an entry near 60. I'm expecting another day of pressure on qcom after today. That should get the stock to a buy point.
I would be most happy to go long at 57-58 tomorrow or Thursday.
That would be a sweet price. Gotta hit it intraday as I believe the stock will hold 60 on a closing basis.
My 2 cents only.
I've just been very lucky with this stock and have never lost money on it.

Regards,
--spaw--
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